Asked by Ben

Tasha has a savings account which earn 8% interest. If she has $1400 in her account, how much interest will she earn in one year?

I got $112.00 but it doesn't look right.
Answered by Ms. Sue
1400 * 0.08 = 112

You're right.

Answered by Ms. Sue
It doesn't look right because for the last several years, savings accounts have earned less than 1% per year.

There are no AI answers yet. The ability to request AI answers is coming soon!